TRADE IN AUCKLAND

New Zealand Herald, Volume LXX, Issue 21546, 18 July 1933, Page 5

TRADE IN AUCKLAND

[ RETAIL AND WHOLESALE FEW CHANGES RECORDED PRODUCE MARKET REVIEW There has been little change in trade conditions since the close of last week. Both wholesale and retail houses aro experiencing fairly steady business in seasonal lines. The unsettled conditions regarding tariffs and exchango are being reflected to a marked degree in overseas business and many orders aro being withheld for the time being in the hope of some finality shortly. -Jn the potato market, weaker signs have appeared'. Tho market this season owos much to tho orders received from South America, but in spite of the despatch of a further 1500 tons from the South Island, tho Auckland market continues to lag. * DESICCATED COCONUT Cabled advice received in the Dominion from Colombo lust week advised 011 easier market for shredded and desiccated coconut, :i decline of Approximately 5 i>er cent being recorded. SALMON Although new season's salmon prices have not yet been named from Canada, a roport received by mail advises that on account of highfr costs increased prices can be looked for in sockeyes and pinks, while cohoea and chums will probably be quoted on a basis similar to last year. Since this •information was forwarded tho Canadian dollar has depreciated considerably in relation to sterling and any advances nre likely to bo offset by more favourable conversion. DATES Latest cablegrams from London advise that the market for new season's dates is strong and advancing. Prices for Sairs have been increased a further 3d per cwt., while Khadrawis show an advance of 6d per cwt All indications point to still higher prices being asked before the sailing of the direct steamer from Busra to Australia early in October. Quotations for carton dates also have been increased. Fair stocks of present season's dates, both in bulk and in cartons, aro still held locally, but with tho strong demand now in evidenco all these should be cleared before the new stocks arrive early in December. > POTATOES Weaker conditions have developed in the market for potatoes and the future of this market is dependent principally upon the export business from the South Island to South America. A South American order for about 1500 tons has absorbed the bulk of supplies available in Canterbury at the moment. The order is going forward in different vcssols, the first portion being despatched this week. In spite of this, however, Auckland merchants are not showing any great interest, offerings from Rangitikei and the Main Trunk districts still being fairly free, while' favourable offers are also coming from Bluff. At present the spot market continues to run about 10s to 20s a ton below Southern parity, and there seems little chance of it picking up. Through store values show some variation, but good average quality •> lines are available from £7 7s fid to £7 12s Gd a ton. Reports from Pukekohe advise that from present indications there is every sign of an early crop there. ONIONS Onions are slow of sale, but there is a firmer trend fp prices for all good quality lines. Values remain around £7 10s a ton for Southern and £8 a ton for local. WHEAT Steadier conditions are operating in wheat and there is a possibility of a firmer movement in this market. Values range around 4a lOd to 5s a bushel through store.

MAIZE Larger quantities of new season's maire are commencing to come forward, as the maize is becoming suitable for shelling. The market remains steady at 4s to 4s 3d a bushel through store, according to grade. OATS AND CHAFF Owing to the mild conditions throughout the country, the consumption of both oats and chaff is below • pxpec+ntions and the hardening in values expected earlier in the year did not eventuate. Current values are unaltered. Feed oats are worth 2s 9d a bushel through store and chaff from £6 10s to £G 15s a ton. BARLEY A normal demand exists for barley. A further shipment from Australia ib due about I'the end of this month. Clipped is worth 4s a bushel through store, and undressed 3s Cd to 3s 7d a bushel. BRAN AND POLLARD The markets for bran and pollard are unaltered and values remain steady. FERTILISERS With tho approach of spring an increased demand for all grades of fertilisers is expected. Prices in most lines are unchanged, but in one or two instances there have been slight reductions. FOREIGN EXCHANGES 1 LITTLE CHANGE IN STERLING British Wireless RUGBY, July 15 Tho following rates on foreign exchanges are current, compared with tho cabled quotations 011 July 14 and par:—

•(Nominal. NEW ZEALAND MONEY ABROAD Current dollar exchanges, as quoted by the Now 'Zealand banks, arc as under, compared with previous quotations:—

U.S. Dollars to £1 July 5 July 8 July 11 July 12 July 17 Buying . 4.59 4.81 4.89' 4.53 4.55 Selling . 4.39 4.01 4.09 4.03 4.03 Canadian Dollars to JEI Buy in? . 4.90 5.04 5.07 s.ofi 5.10 Selling . 4.70 .4.84 4.87 4.86 4.91 The cost in New Zenland curroney of the pound sterling and of the principal foreign units, on tho latest quotations, is as follows:

These valuations represent the current rates at which banks soli drafts payable on demand. . CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of tho vessels named are shown in tho following table. They are. subject to confirmation' by the Customs Department, when the exact time of departure is learned on arrival of the vessels in Now Zealand, finally declared rates being marked":— Canadian Constructor, Canada, dollars 4.51 Asbburton, America, dollars , . . . 3.BSJ Ooldcn Coast, America, dollars . . 4.31 Brisbane Ataru, Japan, you .15 1.33 d 'Waikawni, America, dollars . .. 4.79J Fiako; America, dollars .. .. 4.38 PUKEKOHE PRODUCE PRICES [from OUII own corkkspoxdkxt] PUKEKOHE, Monday Tho market fc.r looally-grown onions remivinp very quiet but the better class aro bringing from 7s 6d to 8s per-ewt., f.0.r., Pi'kekohe. With <he recent warm' rains and the absence of frosts, cauliflowers have come on well and supplies are now more plentiful. They are offering' at from 7s to 7s GcKa large sack. .Drumhead cabbages are firm at Cs a large sack; pumpkins, 4s per owt.; carrots and parsnips, 3s a sugar bag; Jerusalem eeed artichokes, Gb 6d per cwt.

July 15 July 14 Par Montreal, dol. .. 5.00 5.01 4.866' New York, dol. . 4.77i 4.,78 4.8GG Paris, fr. 85 11-32 8ol 124.21 Brussels, belga . 23.925 23.905 35.00 Geneva, fr. 17.25 17.245 25.22 Amsterdam, fl. .. 8.27 8.2G5 12.10 Milan, lire 63 3-1G 62 5-16 92.46 Berlin, r.m. 13.975 13.975 20.43 Stockholm, kr. .. 19.40 19.40 18.159 Copenhagen, kr. . 22.40 22.40 18.159 Oslo, kr. 19.90 19.90 18.159 Vienna, sch. 30+ 301 34.585 Prague, kr. 112.50 112.50 164.25 Helsingfors, mark 22G.50 226.50 129.23 Madrid, pes. 39 15-1G 39 15-16 25.221 Lisbon, cscu. 110 110 110 Athens, dr. 585 585 375.00 Bucharest, lei. .. 505 565 813.6 Jtio de Janeiro, mil. 4d 4d 5.899d Buenos Aires, dol. 4 2d 4 2d 47.619d Montevideo, dol. 34dt 34dt 51d Bombay, rupee . 18 3-32d 18 5-64d 18d Shanghai, dol. .. 15.50d 15 9-16d —. Hongkong, dol. . 17 9-32d 175d •. Yokohama, yen . 15d 15d 24.58d Bnlavia, fl. 8.30 12.10 Belgrade, din. .. — 247.50 276.31

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